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that cash signature overseas to come here because they don't want our u.s. dollar strengthened. they don't want to strengthen the middle class. that's the real issue here. >> what about these companies that aren't paying the dividend? are shareholders getting mad or angry at companies sitting on cash, not paying it out? are companies under pressure? >> michael, what do you think? that's going to come around at some point. >> it's up to a corporation to do what they want to do with retained earnings. my problem is leveraging up the balance sheet, being allured by these phoney, fake, factitious interest rates and setting up this whole with corporation, this whole company, this whole private sector for an interest rate shock that nobody is prepared for. >> michael, what are you doing with your money right now? >> well, i'm 50% in cash. i'm going in and out of lockheed martin. >> you don't get paid to be 50% cash, right? >> why don't you pay a special dividend? >> that's my prerogative. i sure as heck am not going to leverage up to send money out the book door without any chance of increasin
very much do. we're about 55% in the u.s., 25% in developed non-u.s., and 25% in emerging. those emerging and developed non-u.s. numbers we pushed up back in october. >> how much risk do you think you're taking by going overseas like that? we hear people say how undervalued they feel the u.s. market is and what a mess many of those emerging markets are right now. >> it's interesting. quite frankly, a lot of the emerging markets have underperformed quite significantly in the past year. >> isn't that appropriate, though, given the fact the growth rates have come way down? >> absolutely growth rates have come down. if you look at the underlying trend in the growth rates and the pmis coming out of those countries, they probably bottomed back in the summer, probably in august and september. they're beginning to creep back up now. >> you think we'll see back to the highs in terms of the growth rates and places like brazil? >> i think we're looking at 5% to 6%. that's probably better than 2% out of the u.s. >> absolutely. >> eric, what's your best idea right now? >> well, i think any of
may have reduced somewhat the underlying potential growth rate of the u.s. economy. it has interfered with business creation. with investment, with technological advances and so on, and that can account for at least part of the somewhat slower growth. at the same time though what, of course, what monetary policy influences is not potential growth, not the underlying structural growth. that's for many other different kinds of policies affect that. what monetary policy affects primarily is the state of the business cycle, the amount of excess unemployment or the extent of recession in the economy, and there i think we've also perhaps underestimated a bit the recession, but we've been much closer there, and i think, therefore, that we've been able to address that somewhat more effectively with quite accommodative policies. that being said, of course, we have over time, as we have seen disappointment in growth and job creation, we have obviously, as we did in september, have added accommodation, and we've continued to -- we continue to reassess the outlook. i think -- i think it's only fa
think ultimately, you know, u.s. domestic equities are still a place to be, still a risk-on appetite. although, like i said, there is probably a little more appetite for risk management or hedging of the flows so we're seeing interest in a lot of different areas. hedge fund replication, long/short equity strategies. a particular fund recently launched, mrgr, the pro shares merger fund, strategies like that, alternative strategies that provide you equity upside with long short protection on the downside as well. >> we were talking earlier, another down day following a fed meeting like we got in september, with you this time they are not exactly rushing to the safe havens either, are they? >> no, no. gold is o.you're seeing all of the sectors are off, reits, health care, you name it. >> what is that saying? >> in for some volatility. the vix isn't playing along but it always doesn't. i think we ought to keep the political speakers out of the game. >> are they grandstanding? >> that's exactly right. we don't have to pay attention to them. that's something we do as traders, and we know t
in sight, the u.s. economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a
a global standpoint the u.s. looks so attractive. equities are cheap in the u.s., and it's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that. importantly whatever happens with bonuses will be no indication what happens with next year because in 2009 a lot of people were hired on contracts, so the firms are forced to actually still have higher payouts than they want to have. 2013 is going to be a much ruder awakening for salaries and total comp on wall street. >> wow. meredith, always nice you have to on the program. >> thank you so much. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon
, stabilization in europe and the u.s. at 2.7% gdp growth is a little stronger to handle this, so that's why i think you want to be buying on this. >> everybody wants to buy. so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a little bit better in europe. >> we've got to get to jim. >> because of the contrarian view, jim, is once we get a deal, we sell right into the deal. >> yeah, that's right. i'm going tonight skunk at the garden party here, and i'm geg going to tell you i never thought we'd get a deal. throwing rocks at each other. more likely we won't get a deal. the economy is as bad as last summer, looking at 1.5% growth for the fourth quarter, maybe the sa
as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well, at the very least, it's helped i
. but a much bigger hurdle is the fact that online gambling is illegal in the u.s. zynga could be sitting on a gold mine if even a few percent of its monthly poker players gamble. even if online gambling does become legal, all the big casino owners would pose some very steep competition. bill and maria. >> indeed. julia, thank you. despite today's gains, shares of zynga still plummeting this year, losing some 70%. does this news change the outlook? let's start talking numbers on zynga today. on the technical side, mark newton with grey wolf execution partners. on the fundamental side, paul hickey. does this make you want to buy the stock? >> not really. the biggest hang-up is the valuati valuation. for growth stocks in general, when a valuation isn't always a hang-up, but the problem with zynga is by most metrics, its growth is either slowing or declining. it doesn't seem to justify that high valuation. >> all right. mark, let's look at the chart. what does it tell you? what about this button-hook rise? >> technically, bill, the stock it starting to look better to me here, actually. if yo
is not a stock that's going up or a future or a commodity or whatever else it might be. i'd say own the entire u.s. stock market. or if you wish, with some seasoning from the emerges markets or the developed markets of the world. own the market, if you will. because that way you know you will capture almost all the market's return. you will not capture the market's return if you trade with one another because of that hump taken out of your market by wall street. >> do you have some specific advice for our viewers going into 2013? how would you invest for 2013? >> i would invest in 2013 the same way i did in 2012. and i'd invest the way in 2014 the same way in 2013 sfp. >> so the same thing is going to work over and over again? >> there are a lot of things that are going to surprise us in any period. always do, always have, always will. but if we just hang in there, get our asset allocation right, you're going to want some bonds. even at today's terrible interest rates. so today i'd lean toward corporate bonds or corporate bond index rather than government bonds. but some bonds, some stocks, genera
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. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> well, we're getting numbers in. turns out retailers saw the weakest holiday season since 2008 hurt by bad weather and more uncertainty about the rising tax increases that could come next year. we're wondering if the concerns will continue to keep shoppers from spending into 2013. >> let's ask our guests. ladies, thanks so much for having us. i nearly said thank you for having us. thanking you for coming on the show. stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom
of the longer term health of the u.s. they are incapable of it. >> you're thinking ahead, todd? >> look at the spending cuts, 25% of gdp comes from government spending, historically it's 20 it is. if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to
with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no deal, that makes you concerned about u.s. equities versus international ones? >> well, yes. but i think it's a relative concern. because i think risk assets around the world are attractively valued right now. but you're absolutely right. regardless of what sort of deal we get today or in the next three months, the fact of the matter is it will have an adverse impact next year. the question is is it going to be bad enough to throw the country into recession or not? we suspect not. and you're seeing today that it looks like a -- that both political sides have been able to find common ground on the tax issue which we think is pertinent in erm
are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving up. thank you, phil. we've seen the sales numbers, but what about the stocks. how do you invest in this group? which automaker could have your portfolio shifting into high gear? we start talking numbers right now. looking at versus ford. carter worth, fundamental, steve cortez, always nice to see you. carter, check it out. tell me about the charts and the technicals. what do the charts tell you, gm versus ford. >> the first chart is a comparative chart, just that, gm versus ford. very clear optically, 75% correlation. the truth is, we like them both. they're both bottoming out, if you will. they're both heretofore weak stocks improving. each has acted very well while the market was selling off in the se
it with a ton of manufacturers. take a look at how many manufacturing jobs have opened up in the u.s. over the last three years. it's gone from 90,000 to 247,000 in october. we went down to bloomfield, indiana, just south of bloomington. we talked to the folks there at an auto parts supplier. they cannot find people for job openings, particularly for the second and third shift. some of it's a skills gap. some of it is a lack of applicants. some of it is because they've had people, brought them in, hired them, and those people have said, you know what, i'd rather stay on unemployment. >> we've had people that we've interviewed that we've agreed to hire, and at the end of the day, they've turned around and said, we're not going to take that job. we just found out that unemployment benefits have been extended. they don't take the job. >> after we first reported this this morning, i got flooded with tweets and e-mails. people saying this is ridiculous. one person wrote, $13 an hour. that's what a lot of manufacturers are starting people out at. that's about $2,000 a month. or you could get $45
and spending cuts, there's fear of another u.s. debt downgrade by the major rating agencies. >> will that happen, and will it derail any hopes of a real economic recovery? in today's "closing bell" exchange lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we
the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as that time period but i still think we could pick up steam. look, ultimately if we start a trend lower, we saw volatility after the presidential election. we saw what happened, a thousand points came off the dow at a very short period of time. i think people are being lulled into complacency starting to think, well, we don't have that. it is not like it was. it could very well be very quickly. so again, i'm not trying to cry wolf. what i'm trying to say is people should be prepared. selling is not this evil thing. this protection, making sure they have levels at which they would get out. >> craig hodges, you are buying what you per
, but speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest, congressman chris van hollen of maryland, the top congressman on the budget committee. welcome back. >> always good to be with you. i understand maria was just down on capitol hill. >> sorry i missed you. >> come on back. >> she will be back. we will all will, because we're all taking the temperature right now. how hopeful are you that you get a deal in a timely manner on this miss call cliff right now? >> well, i think there's a better than 50% chance that by the end of this month, so by december 31st, there will be an agreement, but obviously there are lots of hurdles to go before we get there. the good news is the lines of communication are open, as you've been reporting. the othe
in the device markets. everybody's doing devices. >> the big concern we have is at some point the u.s. economy can saturate in terms of iphone 5 sales. we need growth to come from emerging markets. and android is dominating that market. and most are developing content for android first. you look at the asian market which is going to be the pillow of growth long-term. and its apps are going to be inferior to what android is pumping out. once we think samsung and the chinese will outperform apple. >> and what about that, brian? there's plenty of competition as maria points out in the phone business, the tablet business. especially when you consider the price point that they put on their ipad mini. it was much higher than people were anticipating. so does that mean that amazon and google can make more inroads there as well? >> well, we think maybe that apple left some of that business on the table that price sensitive customers will turn towards google and amazon. but we think the ipad mini is good profitability. we thought it would cannibalize larger ipad. now we think they're equivalent. but in
Search Results 0 to 19 of about 20